RaymondPierreL3Whatever may be put up in opposition to MMT, it is hard to deny that our current #NeoClassical (#NeoLiberal) #Economy is not working for the better good of society as a whole. It is uncontestable to say that for the last 40 years or so, wealth has been hoovered up and tipped into the pockets of a minute portion of a global population. Where once the western middle class did not feel the theft that was concentrated on Global South, the tables have turned 180 degrees and all strata of society bar the #Billionaires are now awake to this scourge. It is time to think outside the box and come up with more equitable economic systems and toss the current crop into the dustbin of history. Don’t be afraid, it can never be worse than what is in place currently.
“Richard Murphy has written extensively on the subject, developing a position that challenges orthodox interpretations of inflation's causes, questions the tools used to manage it, and argues that the policy response to recent inflationary episodes has been both analytically flawed and socially harmful. His analysis draws on Modern Monetary Theory, heterodox political economy, and close attention to the real-world distribution of economic power.”
Source: https://www.taxresearch.org.uk/Blog/2026/06/06/richard-murphys-views-oninflation/
Richard Murphy’s Views On…Inflation
This post is one of an ongoing series explaining Richard Murphy's views on significant topics in economics, political economy, politics, taxation, and accounting. It should be read as such, as an overview of a position developed across many years of writing and analysis, and not as a comprehensive treatment. Where more detail...
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